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Business organizations, like SMEs, depend on financial institutions, particularly banks for different types of business loans, whether to launch a new company or grow their existing business.
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ceo, chris gronet, who had proudly given president obama a tour of the plant last year. administration officials denied there was political influence involved in the process and that the meetings at the white house were unconnected to the loan. as to the loss of a half billion dollars, one official said such startup loans can be risky. brian ross, abc news, new york. everyone knows startups are risky. at a time economic time like we re in, half a billion dollars is nothing to sneeze at no matter what the deal. certainly the loss is staggering. i m sure people are wondering what they made efficient lightweight tubes that absorbed energy. inexpensive. took sunlight and made energy. competitors caught on and started making products at a lower cost that could have led them out of business and taxpayers out of half a billion dollars. who knows what happened, right? disillusioned a bit. president obama is keeping